What is the impact of lack of coordination on the performance of a supply chain quizlet?
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Service Management: Operations, Strategy, and Information Technology7th EditionJames Fitzsimmons, Mona Fitzsimmons 103 solutions What is the impact of lack of coordination on the performance of the supply chain?The lack of coordination will translate to costs increases in manufacturing, inventory, distribution, and almost every touchpoint of the supply chain. Due to the bullwhip effect, warehouses are flooded with excess inventory resulting in unnecessary holding costs.
What are the major reasons for lack of coordination in a supply chain?A lack of coordination occurs either because different stages of the supply chain have objectives that conflict or because information moving between stages is delayed and distorted. Different stages of a supply chain may have conflicting objectives if each stage has a different owner.
What is the bullwhip effect What is impact the impact of coordination on the performance of a supply chain?In a supply chain, the bullwhip effect occurs when each party gradually escalates an initially small spike in demand. Each member of the supply chain overcompensates for this demand with excess product, leading to increased production, inaccurate demand forecasting, and inconsistent inventories.
What is concerned with coordination problem in supply chain?Supply chain coordination is concerned with managing dependencies between various supply chain members and the joint efforts of all supply chain members to achieve mutually defined goals.
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